Exhibit 99.1

 

Advanced Micro Devices, Inc.

CONSOLIDATED BALANCE SHEETS

(Thousands)

 

		Dec. 29, 2002			Dec. 30, 2001*
		(unaudited)
Assets
Current assets:
Cash, cash equivalents and short-term investments		$	1,037,705		$	869,997
Accounts receivable, net			395,828			659,783
Inventories			432,603			380,474
Deferred income taxes			—			155,898
Prepaid expenses and other current assets			153,542			286,957
Total current assets			2,019,678			2,353,109
Property, plant and equipment, net			2,880,809			2,739,138
Investment in joint venture			382,942			363,611
Deferred income taxes			—			—
Other assets			335,752			191,384
		$	5,619,181		$	5,647,242
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable		$	352,438		$	304,990
Accrued compensation and benefits			185,744			129,042
Accrued liabilities			593,778			443,995
Income taxes payable			21,246			56,234
Deferred income on shipments to distributors			57,184			47,978
Current portion of long-term debt, capital lease obligations and other			161,689			331,698
Total current liabilities			1,372,079			1,313,937
Deferred income taxes			—			105,305
Long-term debt, capital lease obligations and other, less current portion			1,779,837			672,945
Stockholders’ equity:
Capital stock:
Common stock, par value			3,445			3,405
Capital in excess of par value			1,921,247			1,889,217
Retained earnings			492,668			1,795,680
Accumulated other comprehensive income (loss)			49,905			(133,247	)
Total stockholders’ equity			2,467,265			3,555,055
		$	5,619,181		$	5,647,242

 

*Derived from the December 30, 2001 audited financial statements of Advanced Micro Devices, Inc.

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Advanced Micro Devices, Inc.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Thousands except per share amounts)

 

		Quarter Ended												Year Ended
		Dec. 29, 2002 (Unaudited)				Sept. 29 2002 (Unaudited)				Dec. 30, 2001 (Unaudited)				Dec. 29, 2002 (Unaudited)				Dec. 30, 2001*
Net sales		$	686,430			$	508,227			$	951,873			$	2,697,029			$	3,891,754
Cost of sales			506,613				453,884				644,662				2,105,661				2,589,747
Research and development			244,848				220,959				160,871				816,114				650,930
Marketing, general and administrative			194,389				158,568				163,684				670,065				620,030
Restructuring and other special charges			330,575				—				—				330,575				89,305
			1,276,425				833,411				969,217				3,922,415				3,950,012
Operating loss			(589,995	)			(325,184	)			(17,344	)			(1,225,386	)			(58,258	)
Interest and other income, net			992				12,941				5,784				32,132				25,695
Interest expense			(22,296	)			(21,166	)			(9,570	)			(71,349	)			(61,360	)
Loss before income taxes and equity in net income (loss) of joint venture			(611,299	)			(333,409	)			(21,130	)			(1,264,603	)			(93,923	)
Provision (benefit) for income taxes			243,470				(73,350	)			(5,705	)			44,586				(14,463	)
Loss before equity in net income (loss) of joint venture			(854,769	)			(260,059	)			(15,425	)			(1,309,189	)			(79,460	)
Equity in net income (loss) of joint venture			29				5,888				(417	)			6,177				18,879
Net loss		$	(854,740	)		$	(254,171	)		$	(15,842	)		$	(1,303,012	)		$	(60,581	)
Net loss per common share
Basic		$	(2.49	)		$	(0.74	)		$	(0.05	)		$	(3.81	)		$	(0.18	)
Diluted		$	(2.49	)		$	(0.74	)		$	(0.05	)		$	(3.81	)		$	(0.18	)
Shares used in per share calculation
— Basic			343,949				342,780				340,119				342,334				332,407
— Diluted			343,949				342,780				340,119				342,334				332,407

 

*Derived from the December 30, 2001 audited financial statements of Advanced Micro Devices, Inc.